In Italy, the La Dolce Visa by investment program has been around for some time, but it has not yet gained a strong foothold in the market. Now that the Montenegrin citizenship program for investment has ceased to work (new applications were accepted until December 31, 2023), Portugal announced the completion of the program for issuing a residence permit to investors in its current form, a whole market niche has been vacated, which can be occupied by La Dolce Visa. If it increases its competitiveness. Compared to, for example, a residence permit in Greece for the purchase of real estate.
One of the country’s senators, Gabriele Lanzi, took the initiative to ease the requirements for obtaining La Dolce Visa (residence permit for investors) a year ago, but the bill is still under consideration and only at the end of February 2023 there was progress in the implementation of such a decision. The politician believes that the current rules for issuing Dolce Visa are not so attractive to investors. Meanwhile, the program is one of the most effective methods of attracting investments in the short term.
If the changes proposed by the senator for La Dolce Visa come into force, then
- The minimum investment requirements will be halved. €250,000 will need to be invested in an innovative startup, and €500,000 in government bonds. According to the 2022 statistics, applicants choose the Greater Milan area (includes Novara, Varese, Como) to invest in startups.
- It will be possible to include family members in the application.
- Residence permit can be obtained for the purchase of real estate in the amount of €750,000 (depending on the selected municipality). 750,000 euros when choosing a location in an area with no more than 25,000 inhabitants.
- The residence permit will be issued for a period of 5 years (now it can be issued for 2 years and extended if the investment is maintained for another 3 years).
APEX will offer real estate under the Greek residence permit program from reliable developers and will accompany the client in the process of concluding a transaction and provide legal services for obtaining a residence permit.
Experts believe that voting on amendments to the La Dolce Visa program will take place already during 2023
In the meantime, reforms are only expected in Italy, it is high time to pay attention to the current program of Greece, where the investment bar will be raised starting from April 30, 2023. However, there is still time to make a decision and sign a contract for the purchase of real estate in order to choose an apartment or villa from €250,000 in any area of Athens or on the islands. The application for a residence permit of Greece can include a spouse, as well as children (under 21 years old) and parents of the main applicant and/or spouse. Residence permit of Greece will allow you to live temporarily or permanently in Greece and travel around the Schengen countries without a visa (90 days every six months).
For example, a spacious one-bedroom apartment in Crete in the Maleme area worth € 375,000 (VAT free), and the furniture is included in the price. Delivery 6 months after the signing of the contract.
